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Shares of International Business Machines Corp. (IBM) advanced 2.47% to $138.37 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.02% to 4,088.85 and the Dow Jones Industrial Average rising 1.34% to 32,654.59. This was the stock's fifth consecutive day of gains. International Business Machines Corp. closed $7.62 short of its 52-week high ($145.99), which the company reached on June 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Apple Inc. (AAPL) rose 2.54% to $149.24, Microsoft Corp. (MSFT) rose 2.03% to $266.82, and Alphabet Inc. Cl A (GOOGL) rose 1.77% to $2,329.46. Trading volume (4.4 M) remained 579,216 below its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2022.
(END) Dow Jones Newswires
May 17, 2022 16:59 ET (20:59 GMT)
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